The affordability factor
One issue that we haven’t heard a lot in the sessions at the last couple of NICs is affordability. Much of what is currently being constructed today is a high-end assisted living/memory care product that is all private pay. And on the skilled nursing/transitional care side, developers like Mainstreet are looking to take on majority Medicare or private pay patients into their luxury rehab resorts. But what about that segment of the population that cannot afford most of the seniors housing and care options out there? And what about those luxury communities that simply can’t draw a large enough census of people who both want to leave their homes and can pay for it? These, among other... Read More »Senior Care Investment Rebound
After a dismal first six weeks this year, stocks have rebounded in a big way. Many of you know that I have been talking and writing about the change in investor sentiment that was taking place from late last year and into 2016. It really culminated in mid-February when pretty much all the senior care provider stocks and REITs collapsed to their new lows. It was all rather depressing, but also counterintuitive because things were not all that bad at the time. Sure, there was some negative news, but the overreaction in the market was just plain astounding. Many people thought it represented a major buying opportunity, even though they were still nervous and wondered if we were really at the... Read More »The Elderly Deserve Better
The presidential candidates are ignoring the real problems, and people should be sick of it. I don’t know about you, but I am getting very irritated at this election. And not just because my guy did not win much of anything on Super Tuesday. I am sick of hearing about spray tans, goofy hair, liars, small hands, short stature, building walls paid for by someone else, tax returns…..is that enough? I really wonder, where have all the grownups gone? Although I don’t agree with him on everything, at least John Kasich is being mature about the issues and his opponents. But one thing is missing from him and all the other candidates. When was the last time you heard them talk about the elderly... Read More »
The votes are in!
We held our annual Senior Care M&A Outlook webinar last Thursday, which featured a discussion between our editor Steve Monroe, John Cobb, CIO of Ventas, Inc., Scott Kremeier, Senior Vice President at Houlihan Lokey, and Ryan Maconachy, Senior Managing Director at HFF. In it, the panelists discussed how the seniors housing and care M&A market fared in 2015 (based on statistics in our soon-to-be released Senior Care Acquisition Report, 21st Edition) as well as their thoughts on what would happen in 2016. We asked the audience their thoughts on the 2016 M&A market too. First, when asked “Will senior care M&A slow this year?” a majority of attendees (58%) thought that it would,... Read More »
The Brookdale shuffle
On March 1, Brookdale Senior Living announced a major change to its senior leadership. Effective March 18, the company’s President, Mark Ohlendorf, and effective March 11, its former Chief Accounting Officer and Treasurer and current Executive Vice President, Kristin Ferge, will step down. Mr. Ohlendorf had served a variety of leadership roles for Brookdale, including as its CFO from March 2007 to November 2015, as co-President from August 2005 to May 2013 and as President from 2013 on. And Ms. Ferge has been an Executive Vice President at Brookdale since August 2005 and its Chief Accounting Officer from July 2014 to the beginning of this year. The company’s CEO, Andy Smith, will assume... Read More »Schedule a demo
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